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The latest announcement is out from Entourage Health Corp ( (TSE:ENTG) ).
Entourage Health Corp. has announced amendments to its credit facilities, increasing its subordinated facility by $3 million and extending the maturity date of its facilities to December 31, 2025. This move, involving a related party transaction with LPF, aims to strengthen the company’s financial position and support its ongoing operations and strategic partnerships in the cannabis industry.
More about Entourage Health Corp
Entourage Health Corp. is a Canadian company that produces and distributes cannabis products for both medical and adult-use markets. It operates a licensed processing facility in Aylmer, Ontario, and has a multi-channel distribution strategy that includes partnerships with the largest construction union in Canada, LPF, and various employers and union groups. Its product portfolio includes brands like Color Cannabis, Saturday Cannabis, Dime Bag, and Syndicate, and it is the exclusive Canadian distributor of the U.S.-based wellness brand Mary’s Medicinals.
Average Trading Volume: 78,854
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$1.54M
For an in-depth examination of ENTG stock, go to TipRanks’ Stock Analysis page.